Tag Archives: Bond issuances

Government Begins Fiscal Year Under Severe Strain Amid Biggest Lockdown

World Economy Powering Down Daily Makes Recession More Likely

India kicks off its fiscal year with revenues under severe strain. A prolonged slowdown in the economy depressed tax collections in the financial year that ended Tuesday, latest official data show. As India now conducts the world’s biggest lockdown, budget pressures are set to worsen. Finance Minister Nirmala Sitharaman has …

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